of the accounting data and additional information you are requested to prepare Statement of Cash flow for the year ended 2016 Ques. C3 Following are the comparative balance sheet of Berkler Company. On the basis BERKLER COMPANY Comparative Balance Sheets Assets Cash Accounts receivable Inventory Prepaid expense Land Buildings Accumulated depreciation Equipment Accumulated depreciation 2016 2015 96000 78000 76000 70000 52000 55000 22000 18000 110000 144000 300000 300000 -60000 -50000 264000 210000 -90000 80000 770000 745000 Liabilities and Stockholders' Equity Accounts payable Bonds payable Common stock $1 par value Retained earning 26000 35000 350000 400000 170000 120000 224000 190000 770000 745000 Additional information: 1 Operating expenses include depreciation expense of $48,000. 2 Land was sold for cash at book value. 3 Cash dividends of S12,000 were paid. 4 Net income for 2016 was $46,000 Equipment was purchased for $88,000 cash. In addition equipment 5 costing $34000 with a book value of S6000 was sold for $9000 cash. Bonds were convert data face value by issuing 50000 share of 6 $1 par value common stock. (8 marks)